Brokers Are Upgrading Their Views On Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. (ELI:SEM) With These New Forecasts

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. (ELI:SEM) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

After this upgrade, Semapa - Sociedade de Investimento e Gestão SGPS' dual analysts are now forecasting revenues of €2.8b in 2022. This would be a substantial 30% improvement in sales compared to the last 12 months. Statutory earnings per share are anticipated to dip 4.5% to €2.37 in the same period. Before this latest update, the analysts had been forecasting revenues of €2.2b and earnings per share (EPS) of €1.44 in 2022. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

Check out our latest analysis for Semapa - Sociedade de Investimento e Gestão SGPS

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. For example, we noticed that Semapa - Sociedade de Investimento e Gestão SGPS' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 30% growth to the end of 2022 on an annualised basis. That is well above its historical decline of 2.1% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 1.7% annually. So it looks like Semapa - Sociedade de Investimento e Gestão SGPS is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. More bullish expectations could be a signal for investors to take a closer look at Semapa - Sociedade de Investimento e Gestão SGPS.

Analysts are definitely bullish on Semapa - Sociedade de Investimento e Gestão SGPS, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including a weak balance sheet. For more information, you can click through to our platform to learn more about this and the 2 other concerns we've identified .

You can also see our analysis of Semapa - Sociedade de Investimento e Gestão SGPS' Board and CEO remuneration and experience, and whether company insiders have been buying stock.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.